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Wednesday, April 29, 2009
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FINANCIAL SERVICES: Broking firms get ready for maiden internal audit
First set of reports is expected to come out by month end. Broking firms are gearing up to comply with the maiden internal audit guidelines prescribed by ...

RECOMMENDATION: Unitech (Rs 42.95): Sell
We recommend a sell in Unitech from a short-term trading perspective. After finding support around Rs 25 in early March, the stock began to trend upward as is evident from the charts. The stock price almost doubled from the March low to ...

FINANCIAL PERFORMANCE: India Infoline's Q4 net profit down 64%
India Infoline reported a 64.22 per cent dip in standalone net profit for the fourth quarter ended March 31, 2009, as income from broking, its largest business, ...

RECOMMENDATION: Day Trading Guide
Initiate fresh short position if DLF declines below Rs 214 and ICICI Bank dives below Rs 430, with tight stop-loss. We re-affirm our view of avoiding trading in Infosys for the session. ...

STOCK MARKETS: Weak global markets pull Sensex down 370
Realty, metal and banking stocks take a hammering. Mumbai, April 28 Indian stocks ended on Tuesday with heavy losses, pulled down both by weak global markets and by the squaring off of positions ahead of the April Futures and Options (F&O) ...

STOCKS: SEBI wants Bharti to clarify on stake hike
New Delhi, April 28 The Securities and Exchange Board of India has sought clarifications from Bharti Group on whether the company has violated its norms by increasing promoter’s stake in Bharti Airtel from 60.91 per cent to 67.03 per ...

FOREIGN INSTITUTIONAL INVESTORS: Global Opportunistic Fund makes profit from RPL
‘Achieves an IRR of more than 70% through stake sale’. Kolkata, April 28 Global Opportunistic Fund II (GOF II), a pre-IPO and IPO fund, has made significant gains from sale of shares in Reliance Petroleum Ltd (RPL), according to a ...

STOCKS: Asset impairment dents Aban’s profitability
Co may find the going difficult as rigs have no follow-on contracts. Aban Offshore, the country’s largest offshore oilrig service provider, reported a consolidated loss of Rs 93 crore for the quarter-ended March 2009 despite growing its ...

STOCKS: Airline stocks nosedive on swine flu fear
Kingfisher loses 7.58%; SpiceJet sheds 8.61%. Mumbai, April 28 Fears of a swine influenza pandemic dragged airline stocks down on ...

STOCK MARKETS: Losing sheen
...

MUTUAL FUNDS: SBT in pact with Sundaram BNP Paribas
Thiruvananthapuram, April 28 State Bank of Travancore (SBT) has joined hands with Sundaram BNP Paribas Asset Management Company Ltd for marketing the latter’s mutual fund products through the 726 branches of the bank across ...

DERIVATIVES MARKETS: Nifty future witnesses 60% rollover
Chennai, April 28 Trading volume jumped to Rs 81,137 crore on the penultimate day of April contracts settlement in the F&O ...


Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (April 28)
Nifty (at close)3,362.10(-108)
US Dollar (Buy/Sell)50.51/52
Brent crude (a bbl) Rs2,476
Gold (a gram) Rs1,364
Silver (a kg) Rs22,250

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